Bac Ninh leads in public investment disbursement rate, the highest compared to the same period in the past five years
WVR - According to the Ministry of Finance, as of June 22, the entire province of Bac Ninh had disbursed 62.31% of the government-allocated capital. In the first six months of 2025, Bac Ninh's public investment disbursement rate was the highest compared to the same period in the past five years (38.57% in 2021; 30.5% in 2022; 33% in 2023; 26.8% in 2024).
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| Chairman of the Bac Ninh Provincial People's Committee Vuong Quoc Tuan inspects land clearance and progress of the Ring Road 4 - Hanoi Capital Region project section through Bac Ninh province. (Source: Bac Ninh Newspaper) |
In 2025, the Prime Minister allocated Bac Ninh a total public investment capital plan of 7,618.243 billion VND. This includes 6,930 billion VND from local budgets and 688 billion VND from central government support for targeted goals.
To achieve the target of 100% disbursement of the allocated capital, the provincial People's Committee issued directives, plans, and conclusions to accelerate public investment disbursement. This aims to boost economic growth, create jobs and livelihoods for residents, and open up new development spaces. Public investment is intended to lead private investment, activating all social resources for provincial development. A task force and support team were established to monitor, address challenges, and expedite public investment disbursement for 2025 and subsequent years, as per Decision No. 650/QĐ-UBND dated April 15, 2025.
Efforts are also being made to accelerate project implementation, especially those using central government funds, the economic recovery and development program, and key projects such as Ring Road 4, Kenh Vang Bridge, provincial roads 295C, 285B, 277B, and Gia Binh Airport...
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| Rendering of the Gia Binh Airport project in Bac Ninh province. (Source: VGP) |
In May 2025, Vice Chairman of the Bac Ninh Provincial People's Committee Ngo Tan Phuong, issued a document urging units and localities to accelerate public investment disbursement.
He requested that departments, agencies, district-level People's Committees, townships, cities, investors, and units seriously implement resolutions and conclusions from the Central Government, the Politburo, the Secretariat, the National Assembly, the Government, the Prime Minister, and provincial directives on accelerating public investment disbursement. The entire political system is urged to participate, recognizing public investment disbursement as a key political task for 2025.
Leaders of agencies and units allocated public investment capital are encouraged to uphold a strong sense of responsibility, focusing on decisive, timely, and effective leadership and management to accelerate public investment disbursement in 2025.
They are also advised to proactively address any arising difficulties and obstacles in projects with timely solutions. Work should be conclusive, with clear assignments, specific completion timelines, and a thorough review to identify and resolve any issues at each project stage with comprehensive, timely solutions.
